aurionPro Solutions Ltd. (NSE: AURIONPRO, BSE: 532668), a
leading banking products and services company, has signed
an agreement to acquire 100% control in SEEinfobiz Private
Ltd. The closing of the transaction remains subject to
Shareholder and other
regulatory approvals.
Headquartered in Mumbai, SEEinfobiz is a regional leader
that has a long track record of delivering complex
e-statements and unified customer communication solutions
to Telecom, Insurance, Logistics & Banking industries
across the globe. These solutions
help reduce customer servicing costs significantly and
improve turn-around times. The solutions address all modern
channels of communication such as web, email, tablets,
mobile and print. Being a one stop shop for customer
communication, SEEinfobiz provides significant
opportunities for revenue generation through targeted
marketing for cross-sell and up-sell opportunities to large
enterprises. The Company has a consistent yearly growth
since inception.
Commenting on the deal, Mr. Amit Sheth, Managing Director of aurionPro said: "This is a significant step towards realising our vision of becoming a top provider of BFSI, telecom products and solutions globally. This transaction not only expands our product portfolio significantly but, also adds an enviable list of global clients across BFSI and Telecom sectors. This will also expand our presence through mutual cross-sell."
Ms. Nisha Sidhwani, CEO of SEEinfobiz says: "We are very excited to be part of the aurionPro group. This transaction will provide an outstanding opportunity for us to expand our operations, management bandwidth and client serviceability globally. aurionPro's larger Balance Sheet size and management bandwidth will help us target enterprise deals and expand our offerings from product to SAAS and platform operations."
About aurionPro
aurionPro Solutions (NSE: AURIONPRO) (BSE: 532668) is a
publicly traded technology company that helps Fortune 1000
companies to be more efficient through domain-driven
software and consulting offerings. Employing more than 1250
individuals across North America, Asia, and Europe, the
company has been recognized by Deloitte, Forbes, and the
2011 FinTech 100 as one of the world's fastest growing
technology companies. For more information, visit www.aurionpro.com.
About SEEinfobiz
Founded in 2000, SEEinfobiz is a Global Software Product
and Services Company headquartered in Mumbai. With nearly
1700 plus man-years of experience in delivering complex
mission-critical systems to key market sectors around the
globe, SEEinfobiz has achieved a consistent yearly growth
rate since inception. SEEinfobiz has amongst its clients
some of the leading players, both large and medium, in the
BFSI, Telecom, Retail and Logistics domains having
terabytes of data & millions of customers. The company is a
leading player in the market for unified customer
communication through statements and one to one marketing.
About EXELIXI
The managers for this transaction were Exelixi Management
Company Private Limited (EMCPL). EMCPL, headquartered in
Mumbai, who work with businesses and brands to help set up
and manage new business lines as well as aid in capital
raising efforts.
set up in 2008 by Prasar Sharma and Amit Chaudhary, both
graduates of the 2003 batch from IIM Bangalore.
CONTACT EXELIXI:
Bijal.vora@exelixi.in
Tel: +91 22 65666060
CONTACT AURIONPRO
mehul.raval@aurionpro.com
Tel: + 91 22 6770 7713
CONTACT SEEINFOBIZ
sales@seeinfobiz.com
Tel: + 91 22 4225 5000
For aurionPro Solutions Limited
Mehul Raval
Company Secretary
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